The Martin Foundation Inc
The Martin Foundation Inc is a private foundation incorporated in 1953 in Indiana and based in Naples, Florida. The organization holds 501(c)(3) tax-exempt status, with its IRS ruling dating to 1960. It operates as a non-operating foundation with no employees.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$37.2M
+5.1% YoY
Annual Giving
$2.1M
-7.7% YoY
Grant Count
52
+10.6% YoY
Avg Grant Size
$41K
-16.6% YoY
Under IRS private-foundation payout rules, The Martin Foundation Inc reported a distributable amount of $2.3M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The Martin Foundation primarily supports nonprofit organizations in the Naples, Florida area, with selected grants also made to national organizations and projects. The foundation's areas of interest include:
- Social services
- Health
- Environment
- Arts and culture
- Civic affairs
- Education
- Children and youth
Types of support provided include general support, project support, building funds, matching funds, and equipment.
Grantmaking
The foundation made 44 grants in fiscal year 2024, totaling approximately $1.08 million. Notable recent grants include $200,000 to Vermont College of Fine Arts, $65,000 to Earthjustice, and $60,000 to Questscope.
Average Grant
$45,000–$47,000
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in Florida, California, and Minnesota, which account for 61% of all grants. Grantmaking reaches organizations across 17 states.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending June 2024:
- Total assets: $37.2 million–$38.7 million
- Total revenues: $4.2 million
- Total expenses: $2.4 million
- Investment income and dividends: $936,597
- Net gain from sale of non-inventory assets: $3.3 million
Asset Growth: Total assets have grown from $21.8 million in 2011 to $37.2 million in 2023.
The foundation receives no grants or contributions; revenue is generated primarily through investment income and asset sales.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $37,202,025 | $35,404,736 | $37,118,560 |
| Revenue | $4,228,261 | $906,277 | $4,162,176 |
| Expenses | $2,430,972 | $2,620,101 | $3,163,258 |
| Qualifying Distributions | $2,162,023 | $2,340,668 | $2,735,728 |
| Net Investment Income | $3,926,357 | $729,302 | $3,829,433 |
| Distributable Amount | $2,338,984 | $2,215,632 | $2,422,784 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
196 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Conservancy of Sw Florida ($200,000), Vermont College of the Arts ($200,000), University of Mn ($175,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ABODE FREMONT, CA | GENERAL SUPPORT | $25,000 |
| ACLU FOUNDATION NEW YORK, NY | GENERAL SUPPORT | $12,500 |
| ACLU FOUNDATION OF MN MINNEAPOLIS, MN | GENERAL SUPPORT | $12,500 |
| ARTISNAPLES NAPLES, FL | FIRST CHAIR FLUTE | $20,000 |
| ASSOCIATION TO BENEFIT CHILDREN NEW YORK, NY | $10K MH CRISIS; $20K GEN SUPPORT | $30,000 |
| AUDBON OF THE WESTERN EVERGLADES NAPLES, FL | GENERAL SUPPORT | $20,000 |
| BEAR YUBA LAND TRUST GRASS VALLEY, CA | GENERAL SUPPORT | $25,000 |
| BURN SURVIVORS OF NEW ENGLAND NEW BEDFORD, MA | GENERAL SUPPORT | $15,000 |
| CHARITY NAVIGATOR SADDLE BROOK, NJ | GENERAL SUPPORT | $20,000 |
| COLLINGS FOUNDATION HUDSON, MA | RESTORATION OF B-24 "WITCHCRAFT" | $50,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation's trustees include Geraldine F Martin, Casper Martin, and Jennifer L Martin.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CASPER MARTIN | TREASURER | 2 | — |
| JENNIFER LMARTIN | SECRETARY | 2 | — |
| ELIZABETH LMARTIN | PRESIDENT | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Martin Foundation Inc fund?
The Martin Foundation primarily supports nonprofit organizations in the Naples, Florida area, with selected grants also made to national organizations and projects. The foundation's areas of interest include: • Social services • Health • Environment • Arts and culture • Civic affairs • Education • Children and youth Types of support provided include general support, project support, building funds, matching funds, and equipment.
How do I apply for a grant from The Martin Foundation Inc?
**Grant Characteristics:** • Smallest grant: $5,000 • Median grant: $25,000 • Average grant: $45,000–$47,000 • Largest grant: $250,000 **Recent Activity:** The foundation made 44 grants in fiscal year 2024, totaling approximately $1.08 million. Notable recent grants include $200,000 to Vermont College of Fine Arts, $65,000 to Earthjustice, and $60,000 to Questscope. Historically, the foundation has made 107 grants totaling $5 million, with annual distributions ranging between $2.3 million and $…
Where does The Martin Foundation Inc make grants?
The foundation primarily supports organizations in Florida, California, and Minnesota, which account for 61% of all grants. Grantmaking reaches organizations across 17 states.
What size grants does The Martin Foundation Inc award?
In 2024, The Martin Foundation Inc awarded 52 grants totaling $2.1M — an average of about $41K per grant, based on its IRS Form 990 filings.
How much is The Martin Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Martin Foundation Inc reported a distributable amount of $2.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Martin Foundation Inc's EIN?
The Martin Foundation Inc's EIN (Employer Identification Number) is 35-1070929. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in The Martin Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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